Substation Automation Market Size, Share, and Trends 2024 to 2034

The global substation automation Market size was USD 56.82 billion in 2023, estimated at USD 60.45 billion in 2024 and is anticipated to reach around USD 110.92 billion by 2034, expanding at a CAGR of 6.26% from 2024 to 2034.

  • Last Updated : August 2023
  • Report Code : 3215
  • Category : ICT

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology (Premium Insights)

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis 

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

5.1. Market Dynamics

5.1.1. Market Drivers

5.1.2. Market Restraints

5.1.3. Market Opportunities

5.2. Porter’s Five Forces Analysis

5.2.1. Bargaining power of suppliers

5.2.2. Bargaining power of buyers

5.2.3. Threat of substitute

5.2.4. Threat of new entrants

5.2.5. Degree of competition

Chapter 6. Competitive Landscape

6.1.1. Company Market Share/Positioning Analysis

6.1.2. Key Strategies Adopted by Players

6.1.3. Vendor Landscape

6.1.3.1. List of Suppliers

6.1.3.2. List of Buyers

Chapter 7. Global Substation Automation Market, By Module

7.1. Substation Automation Market, by Module, 2024-2034

7.1.1. Communication Networks

7.1.1.1. Market Revenue and Forecast (2021-2034)

7.1.2. Scada Systems

7.1.2.1. Market Revenue and Forecast (2021-2034)

7.1.3. Intelligent Electronic Devices

7.1.3.1. Market Revenue and Forecast (2021-2034)

Chapter 8. Global Substation Automation Market, By Offering

8.1. Substation Automation Market, by Offering, 2024-2034

8.1.1. Hardware

8.1.1.1. Market Revenue and Forecast (2021-2034)

8.1.2. Software

8.1.2.1. Market Revenue and Forecast (2021-2034)

8.1.3. Services

8.1.3.1. Market Revenue and Forecast (2021-2034)

Chapter 9. Global Substation Automation Market, By Type

9.1. Substation Automation Market, by Type, 2024-2034

9.1.1. Distribution Substations

9.1.1.1. Market Revenue and Forecast (2021-2034)

9.1.2. Transmission Substations

9.1.2.1. Market Revenue and Forecast (2021-2034)

Chapter 10. Global Substation Automation Market, By Installation Type

10.1. Substation Automation Market, by Installation Type, 2024-2034

10.1.1. New Installations

10.1.1.1. Market Revenue and Forecast (2021-2034)

10.1.2. Retrofit Installations

10.1.2.1. Market Revenue and Forecast (2021-2034)

Chapter 11. Global Substation Automation Market, By End-user

11.1. Substation Automation Market, by End-user, 2024-2034

11.1.1. Utilities

11.1.1.1. Market Revenue and Forecast (2021-2034)

11.1.2. Steel

11.1.2.1. Market Revenue and Forecast (2021-2034)

11.1.3. Oil and Gas

11.1.3.1. Market Revenue and Forecast (2021-2034)

11.1.4. Mining

11.1.4.1. Market Revenue and Forecast (2021-2034)

11.1.5. Transportation

11.1.5.1. Market Revenue and Forecast (2021-2034)

Chapter 12. Global Substation Automation Market, By Component

12.1. Substation Automation Market, by Component, 2024-2034

12.1.1. IEDs

12.1.1.1. Market Revenue and Forecast (2021-2034)

12.1.2. Communication Networks

12.1.2.1. Market Revenue and Forecast (2021-2034)

12.1.3. SCADA Systems

12.1.3.1. Market Revenue and Forecast (2021-2034)

Chapter 13. Global Substation Automation Market, By Communication Channel

13.1. Substation Automation Market, by Communication Channel, 2024-2034

13.1.1. Optical Fiber Communication

13.1.1.1. Market Revenue and Forecast (2021-2034)

13.1.2. Ethernet

13.1.2.1. Market Revenue and Forecast (2021-2034)

13.1.3. Copper Wire Communication

13.1.3.1. Market Revenue and Forecast (2021-2034)

13.1.4. Others

13.1.4.1. Market Revenue and Forecast (2021-2034)

Chapter 14. Global Substation Automation Market, Regional Estimates and Trend Forecast

14.1. North America

14.1.1. Market Revenue and Forecast, by Module (2021-2034)

14.1.2. Market Revenue and Forecast, by Offering (2021-2034)

14.1.3. Market Revenue and Forecast, by Type (2021-2034)

14.1.4. Market Revenue and Forecast, by Installation Type (2021-2034)

14.1.5. Market Revenue and Forecast, by End-user (2021-2034)

14.1.6. Market Revenue and Forecast, by Communication Channel (2021-2034)

14.1.7. Market Revenue and Forecast, by Component (2021-2034)

14.1.8. U.S.

14.1.8.1. Market Revenue and Forecast, by Module (2021-2034)

14.1.8.2. Market Revenue and Forecast, by Offering (2021-2034)

14.1.8.3. Market Revenue and Forecast, by Type (2021-2034)

14.1.8.4. Market Revenue and Forecast, by Installation Type (2021-2034)

14.1.8.5. Market Revenue and Forecast, by End-user (2021-2034)

14.1.8.6. Market Revenue and Forecast, by Communication Channel (2021-2034)

14.1.8.7. Market Revenue and Forecast, by Component (2021-2034)

14.1.9. Rest of North America

14.1.9.1. Market Revenue and Forecast, by Module (2021-2034)

14.1.9.2. Market Revenue and Forecast, by Offering (2021-2034)

14.1.9.3. Market Revenue and Forecast, by Type (2021-2034)

14.1.9.4. Market Revenue and Forecast, by Installation Type (2021-2034)

14.1.9.5. Market Revenue and Forecast, by End-user (2021-2034)

14.1.9.6. Market Revenue and Forecast, by Communication Channel (2021-2034)

14.1.9.7. Market Revenue and Forecast, by Component (2021-2034)

14.2. Europe

14.2.1. Market Revenue and Forecast, by Module (2021-2034)

14.2.2. Market Revenue and Forecast, by Offering (2021-2034)

14.2.3. Market Revenue and Forecast, by Type (2021-2034)

14.2.4. Market Revenue and Forecast, by Installation Type (2021-2034)

14.2.5. Market Revenue and Forecast, by End-user (2021-2034)

14.2.6. Market Revenue and Forecast, by Communication Channel (2021-2034)

14.2.7. Market Revenue and Forecast, by Component (2021-2034)

14.2.8. UK

14.2.8.1. Market Revenue and Forecast, by Module (2021-2034)

14.2.8.2. Market Revenue and Forecast, by Offering (2021-2034)

14.2.8.3. Market Revenue and Forecast, by Type (2021-2034)

14.2.8.4. Market Revenue and Forecast, by Installation Type (2021-2034)

14.2.8.5. Market Revenue and Forecast, by End-user (2021-2034)

14.2.8.6. Market Revenue and Forecast, by Communication Channel (2021-2034)

14.2.8.7. Market Revenue and Forecast, by Component (2021-2034)

14.2.9. Germany

14.2.9.1. Market Revenue and Forecast, by Module (2021-2034)

14.2.9.2. Market Revenue and Forecast, by Offering (2021-2034)

14.2.9.3. Market Revenue and Forecast, by Type (2021-2034)

14.2.9.4. Market Revenue and Forecast, by Installation Type (2021-2034)

14.2.9.5. Market Revenue and Forecast, by End-user (2021-2034)

14.2.9.6. Market Revenue and Forecast, by Communication Channel (2021-2034)

14.2.9.7. Market Revenue and Forecast, by Component (2021-2034)

14.2.10. France

14.2.10.1. Market Revenue and Forecast, by Module (2021-2034)

14.2.10.2. Market Revenue and Forecast, by Offering (2021-2034)

14.2.10.3. Market Revenue and Forecast, by Type (2021-2034)

14.2.10.4. Market Revenue and Forecast, by Installation Type (2021-2034)

14.2.10.5. Market Revenue and Forecast, by End-user (2021-2034)

14.2.10.6. Market Revenue and Forecast, by Communication Channel (2021-2034)

14.2.10.7. Market Revenue and Forecast, by Component (2021-2034)

14.2.11. Rest of Europe

14.2.11.1. Market Revenue and Forecast, by Module (2021-2034)

14.2.11.2. Market Revenue and Forecast, by Offering (2021-2034)

14.2.11.3. Market Revenue and Forecast, by Type (2021-2034)

14.2.11.4. Market Revenue and Forecast, by Installation Type (2021-2034)

14.2.11.5. Market Revenue and Forecast, by End-user (2021-2034)

14.2.11.6. Market Revenue and Forecast, by Communication Channel (2021-2034)

14.2.11.7. Market Revenue and Forecast, by Component (2021-2034)

14.3. APAC

14.3.1. Market Revenue and Forecast, by Module (2021-2034)

14.3.2. Market Revenue and Forecast, by Offering (2021-2034)

14.3.3. Market Revenue and Forecast, by Type (2021-2034)

14.3.4. Market Revenue and Forecast, by Installation Type (2021-2034)

14.3.5. Market Revenue and Forecast, by End-user (2021-2034)

14.3.6. Market Revenue and Forecast, by Communication Channel (2021-2034)

14.3.7. Market Revenue and Forecast, by Component (2021-2034)

14.3.8. India

14.3.8.1. Market Revenue and Forecast, by Module (2021-2034)

14.3.8.2. Market Revenue and Forecast, by Offering (2021-2034)

14.3.8.3. Market Revenue and Forecast, by Type (2021-2034)

14.3.8.4. Market Revenue and Forecast, by Installation Type (2021-2034)

14.3.8.5. Market Revenue and Forecast, by End-user (2021-2034)

14.3.8.6. Market Revenue and Forecast, by Communication Channel (2021-2034)

14.3.8.7. Market Revenue and Forecast, by Component (2021-2034)

14.3.9. China

14.3.9.1. Market Revenue and Forecast, by Module (2021-2034)

14.3.9.2. Market Revenue and Forecast, by Offering (2021-2034)

14.3.9.3. Market Revenue and Forecast, by Type (2021-2034)

14.3.9.4. Market Revenue and Forecast, by Installation Type (2021-2034)

14.3.9.5. Market Revenue and Forecast, by End-user (2021-2034)

14.3.9.6. Market Revenue and Forecast, by Communication Channel (2021-2034)

14.3.9.7. Market Revenue and Forecast, by Component (2021-2034)

14.3.10. Japan

14.3.10.1. Market Revenue and Forecast, by Module (2021-2034)

14.3.10.2. Market Revenue and Forecast, by Offering (2021-2034)

14.3.10.3. Market Revenue and Forecast, by Type (2021-2034)

14.3.10.4. Market Revenue and Forecast, by Installation Type (2021-2034)

14.3.10.5. Market Revenue and Forecast, by End-user (2021-2034)

14.3.10.6. Market Revenue and Forecast, by Communication Channel (2021-2034)

14.3.10.7. Market Revenue and Forecast, by Component (2021-2034)

14.3.11. Rest of APAC

14.3.11.1. Market Revenue and Forecast, by Module (2021-2034)

14.3.11.2. Market Revenue and Forecast, by Offering (2021-2034)

14.3.11.3. Market Revenue and Forecast, by Type (2021-2034)

14.3.11.4. Market Revenue and Forecast, by Installation Type (2021-2034)

14.3.11.5. Market Revenue and Forecast, by End-user (2021-2034)

14.3.11.6. Market Revenue and Forecast, by Communication Channel (2021-2034)

14.3.11.7. Market Revenue and Forecast, by Component (2021-2034)

14.4. MEA

14.4.1. Market Revenue and Forecast, by Module (2021-2034)

14.4.2. Market Revenue and Forecast, by Offering (2021-2034)

14.4.3. Market Revenue and Forecast, by Type (2021-2034)

14.4.4. Market Revenue and Forecast, by Installation Type (2021-2034)

14.4.5. Market Revenue and Forecast, by End-user (2021-2034)

14.4.6. Market Revenue and Forecast, by Communication Channel (2021-2034)

14.4.7. Market Revenue and Forecast, by Component (2021-2034)

14.4.8. GCC

14.4.8.1. Market Revenue and Forecast, by Module (2021-2034)

14.4.8.2. Market Revenue and Forecast, by Offering (2021-2034)

14.4.8.3. Market Revenue and Forecast, by Type (2021-2034)

14.4.8.4. Market Revenue and Forecast, by Installation Type (2021-2034)

14.4.8.5. Market Revenue and Forecast, by End-user (2021-2034)

14.4.8.6. Market Revenue and Forecast, by Communication Channel (2021-2034)

14.4.8.7. Market Revenue and Forecast, by Component (2021-2034)

14.4.9. North Africa

14.4.9.1. Market Revenue and Forecast, by Module (2021-2034)

14.4.9.2. Market Revenue and Forecast, by Offering (2021-2034)

14.4.9.3. Market Revenue and Forecast, by Type (2021-2034)

14.4.9.4. Market Revenue and Forecast, by Installation Type (2021-2034)

14.4.9.5. Market Revenue and Forecast, by End-user (2021-2034)

14.4.9.6. Market Revenue and Forecast, by Communication Channel (2021-2034)

14.4.9.7. Market Revenue and Forecast, by Component (2021-2034)

14.4.10. South Africa

14.4.10.1. Market Revenue and Forecast, by Module (2021-2034)

14.4.10.2. Market Revenue and Forecast, by Offering (2021-2034)

14.4.10.3. Market Revenue and Forecast, by Type (2021-2034)

14.4.10.4. Market Revenue and Forecast, by Installation Type (2021-2034)

14.4.10.5. Market Revenue and Forecast, by End-user (2021-2034)

14.4.10.6. Market Revenue and Forecast, by Communication Channel (2021-2034)

14.4.10.7. Market Revenue and Forecast, by Component (2021-2034)

14.4.11. Rest of MEA

14.4.11.1. Market Revenue and Forecast, by Module (2021-2034)

14.4.11.2. Market Revenue and Forecast, by Offering (2021-2034)

14.4.11.3. Market Revenue and Forecast, by Type (2021-2034)

14.4.11.4. Market Revenue and Forecast, by Installation Type (2021-2034)

14.4.11.5. Market Revenue and Forecast, by End-user (2021-2034)

14.4.11.6. Market Revenue and Forecast, by Communication Channel (2021-2034)

14.4.11.7. Market Revenue and Forecast, by Component (2021-2034)

14.5. Latin America

14.5.1. Market Revenue and Forecast, by Module (2021-2034)

14.5.2. Market Revenue and Forecast, by Offering (2021-2034)

14.5.3. Market Revenue and Forecast, by Type (2021-2034)

14.5.4. Market Revenue and Forecast, by Installation Type (2021-2034)

14.5.5. Market Revenue and Forecast, by End-user (2021-2034)

14.5.6. Market Revenue and Forecast, by Communication Channel (2021-2034)

14.5.7. Market Revenue and Forecast, by Component (2021-2034)

14.5.8. Brazil

14.5.8.1. Market Revenue and Forecast, by Module (2021-2034)

14.5.8.2. Market Revenue and Forecast, by Offering (2021-2034)

14.5.8.3. Market Revenue and Forecast, by Type (2021-2034)

14.5.8.4. Market Revenue and Forecast, by Installation Type (2021-2034)

14.5.8.5. Market Revenue and Forecast, by End-user (2021-2034)

14.5.8.6. Market Revenue and Forecast, by Communication Channel (2021-2034)

14.5.8.7. Market Revenue and Forecast, by Component (2021-2034)

14.5.9. Rest of LATAM

14.5.9.1. Market Revenue and Forecast, by Module (2021-2034)

14.5.9.2. Market Revenue and Forecast, by Offering (2021-2034)

14.5.9.3. Market Revenue and Forecast, by Type (2021-2034)

14.5.9.4. Market Revenue and Forecast, by Installation Type (2021-2034)

14.5.9.5. Market Revenue and Forecast, by End-user (2021-2034)

14.5.9.6. Market Revenue and Forecast, by Communication Channel (2021-2034)

14.5.9.7. Market Revenue and Forecast, by Component (2021-2034)

Chapter 15. Company Profiles

15.1. Cisco Systems, Inc.

15.1.1. Company Overview

15.1.2. Product Offerings

15.1.3. Financial Performance

15.1.4. Recent Initiatives

15.2. Eaton Corporation plc

15.2.1. Company Overview

15.2.2. Product Offerings

15.2.3. Financial Performance

15.2.4. Recent Initiatives

15.3. General Electric

15.3.1. Company Overview

15.3.2. Product Offerings

15.3.3. Financial Performance

15.3.4. Recent Initiatives

15.4. Hitachi ABB

15.4.1. Company Overview

15.4.2. Product Offerings

15.4.3. Financial Performance

15.4.4. Recent Initiatives

15.5. Ingeteam

15.5.1. Company Overview

15.5.2. Product Offerings

15.5.3. Financial Performance

15.5.4. Recent Initiatives

15.6. Itron Inc.

15.6.1. Company Overview

15.6.2. Product Offerings

15.6.3. Financial Performance

15.6.4. Recent Initiatives

15.7. Mitsubishi Electric Corporation

15.7.1. Company Overview

15.7.2. Product Offerings

15.7.3. Financial Performance

15.7.4. Recent Initiatives

15.8. NovaTech, LLC.

15.8.1. Company Overview

15.8.2. Product Offerings

15.8.3. Financial Performance

15.8.4. Recent Initiatives

15.9. Schneider Electric SE

15.9.1. Company Overview

15.9.2. Product Offerings

15.9.3. Financial Performance

15.9.4. Recent Initiatives

15.10. Schweitzer Engineering Laboratories, Inc.

15.10.1. Company Overview

15.10.2. Product Offerings

15.10.3. Financial Performance

15.10.4. Recent Initiatives

Chapter 16. Research Methodology

16.1. Primary Research

16.2. Secondary Research

16.3. Assumptions

Chapter 17. Appendix

17.1. About Us

17.2. Glossary of Terms

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